We continue to be bearish on the general stock market and, therefore, bullish on the VIX. Accordingly, we stick to our short-term price target of 30 USD and a medium-term price target of 35 USD. We will pay close attention to the FED meeting on Wednesday as we expect the volatility index to rise further after the meeting.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Trade closed: target reached:
Our short-term price target of 30 USD was reached.
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